BigBear.ai Reports 31% Revenue Growth in Q3 2026 Driven by Generative AI
BigBear.ai (BBAI) reported strong third-quarter results for 2026, highlighted by a 31% year-over-year revenue increase to $43.6 million and an acceleration in quarter-over-quarter growth to 18.6%. The company's generative AI platform, integrated following the Ask Sage acquisition, served as a primary driver for both top-line growth and a significant expansion in gross margins, which rose by 878 basis points year-over-year. Despite the revenue surge, the company reported a net loss of $91.9 million ($0.19 per share), largely due to a one-time noncash goodwill impairment charge of $76.7 million. However, management raised its full-year 2026 revenue guidance to a range of $150 million to $165 million and reported a growing backlog of $330 million, supported by new contracts with federal agencies including the FBI, NASA, and the Department of Energy.
Tickers: $BBAI
Topics: Backlog Contract Wins Generative AI Goodwill Impairment Net Loss Revenue Growth